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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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* @) w/ t: f) Y3 p7 m2 b$ lBelow is an Interesting article I found, which says that.....Do not & t1 Q/ G! ~! K$ |* o  a
expect much from Crude Oil producers and future is not with the
  Z) O7 X  y6 q; V( ^5 e+ M$ acompanies producing Jet fuels but Biofuels. Also no wonder if some of 7 g  O* F+ E& a% v# T& q( a; K
these oil producer will go bankrupt or out of the business even if
0 r* L9 u1 O- _+ R1 b6 _5 acrude prices improves. This implies also to good names such as Shell, : c5 q! r# B- s
EXXON, BG, BP, Cheveron ....xyz.. oils + d# e+ v! g5 w  N2 ]
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Recently OPEC reduced crude oil production twice over just a few
( l: L7 x; ~% `. @7 zmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
! p! A" w# N- `5 hA year ago these things would have spiked the price of crude oil by at
8 Z9 Z4 o+ t3 e0 D% Aleast $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face # @- w' f  P) `. N8 b/ ~. p, d
of so much news. These reasons are: / V( @4 v4 ~5 ~
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8 d3 X; {; b4 M# ~
1. New oil has been found in Canada, Montana, North & South Dakota and
' ]0 [3 |- s7 f* E5 Y: O9 min the ocean near Brazil. Each of these oil fields has more oil than , c1 f. Y' V* o/ t1 H
Arabia. ; `( ]9 M3 p: @! T

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2. New natural gas has been found in Pennsylvania and West Virginia. % n/ n8 q7 O2 |! `/ H
This is the largest find in North America.
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) l/ h, ~4 O! `; E2 D3. New methods of injecting CO2 and surfactants into oil wells is . {4 P0 ~8 o/ q. F. _! x9 _
being used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio ( O' N# O4 t3 A
fuel is being produced from many plants and algae. The production 1 r* F9 w$ r5 p0 c' i( Z
potential per acre in some cases is astounding. Many countries are
+ O9 D. y6 u/ r* T9 T" J& Q- bracing to produce bio fuels.
& D- P9 l4 X2 I& [# I3 K/ o" j' o+ B) k9 r' ~& q9 b9 P

+ }0 U" Q' j& P) I+ s+ k4 N5. Virtually every restaurant in the US and all food processing plants % Q& m2 Z" m5 ^9 c, t5 Y* s
are now selling their used oil to bio-diesel producers. Every pork,
8 A7 ?% i* }( L: t" u8 E% pcattle, turkey and chicken processing plant will soon sell their fat 3 X0 ]# O" f  u$ Z  K4 s6 N2 s- }
to bio-diesel producers. One pork processing plant in Oklahoma is + x6 S6 e% O7 z/ G9 G
producing 30,000 gallons of bio-diesel per day from pork fat.
/ y" }, X8 k; ?7 |. M1 s6 J+ ]6 D7 [) v

  D$ M, [) C; `& Y6. There are 99 nuclear reactors in various stages of planning and
  G6 a# N) K/ y& M& F' @construction around the world at this time. Several hundred more are
! `* j: [( `- L% N- s4 r" yexpected to be built in the future. Much of the energy they produce ( V  X+ `0 x  e" `% d1 y
will replace oil.
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7. Every company in any form of transportaion business is replacing 0 `) M" M, n3 J- U
older equipment such as trucks, airplanes, train engines, ships, etc. " `3 r; }) o- ?+ @' f
with new more fuel efficient equipment. Airlines and railway companies + L6 \* s6 C  {- p7 V
are experiencing 20% to 25% better fuel econony with the new 6 ?$ j5 |- O( U. \3 V. H
equipment.
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8 N  D- W: I! B( O; yAirlines are flying airplanes with bio-fuel. They are finding the bio- 7 {' W: u/ U, _' h& b7 ~
fuel is cleaner and performs better than jet fuel. ! b" f$ X8 M5 f9 u* m4 e

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6 ?* J( l' {" J  G& l8. Cities and counties throughout the US are selling the rights to
  v, y2 I3 x8 q6 y5 h& ucapture methane gas from landfills. This is a huge source of gas 5 U0 C$ k, Q- {# |+ R8 t. u
available at very little cost or risk. The gas is displacing crude 9 W# s3 U! _' |1 w8 S
oil.
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' [7 M# q5 w$ S0 h
- y! ^8 F; |  z0 R0 Q' b& \, K9. Coal is being transformed into a clean burning liquid fuel. The CO2
9 i" l0 I) m8 |* C/ Hproduced as a byproduct is sold to oil companies for injection into
. C' X9 P: ~: O- Boil wells.
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4 O# G: \) k1 L) @- ^* J5 c10. Solar, wind and ocean energy is displacing oil as an energy
1 W$ l0 [% _0 H' ^source. Three new wind turbines are being erected every day in the US. 3 N" t( y" ?. g2 y) X$ R' s  g
5 B; l1 c( b/ S7 u; Q, R+ W* H
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Each of the above by itself will not make a large difference in the
. o& J) H! m  bprice of crude oil but the sum of all of them together is world / [1 X3 f  o9 [/ N' ^
changing. The important thing is that OPEC no longer has the ability ; r* ^/ [; a' l
to control oil prices.
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9 j  y  |* N3 ~* _0 N! ^With the above scenario, I still believe that there are under / D$ }* n/ s7 N8 z
performed OIL companies and probably they are yet to get the justified * j7 t  y0 J; c
value .....
( x3 x: v  J! P( V4 ?IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... + N4 E" U5 j2 E+ w
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN & q" l* X2 b4 R: E% J, Y; L3 |
2009 ... FYI-Only
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